But the car dealer may charge their own fees, too. Choose the filing status you use when you file your tax return. Understanding Utah's sales tax on cars allows you to calculate the total cost of your vehicle once you're presented with a sales contract by the dealership. The average doc fee in Utah is $3051, and According to Utah's Department of Motor Vehicles, the amount you pay in fees depends on the vehicle you buy, its fuel type, the county where you bought the vehicle, and other variables. If you make $70,000 a year living in Utah you will be taxed $11,594. Of course, Utah taxpayers also have to pay federal income taxes. This is not an offer to buy or sell any security or interest. Your feedback is very important to us. If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. If youre ready to find an advisor who can help you achieve your financial goals, get started now. Do you have a comment or correction concerning this page? Some services are also taxable, including maintenance and repair labor, laundry services, admissions fees (to movies, sporting events, ski resorts, etc. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. payments. Do you have a comment or correction concerning this page? However, there are a few exceptions to these rules. 2023 FindtheBestCarPrice.com, Front vehicle photos 1986-2023 Autodata, Inc. dba Chrome Data. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Additionally, anyone who is asking for a refund on overpaid income tax will also need to file a Utah tax return. Several types of products have their own rates. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Also, we separately calculate the federal income taxes you will owe in the 2020 - 2021 filing season based on the Trump Tax Plan. Thank you for your answer! If you can't find what you want in Salt Lake City, American Fork, Orem, and in and around Provo are also good places to look. Certain products are fully exempt from sales tax. Vehicle price. ce=d.createElement, gt=d.getElementsByTagName, Do I Have to Pay Sales Tax on a Used Car? The Department collects taxes when an applicant applies for title on a motor vehicle, trailer, all-terrain vehicle, boat, or outboard motor (unit), regardless of the purchase date. Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. Please note that special sales tax laws max exist for the sale of cars and vehicles, services, or other types of transaction. Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. Instead, taxpayers may apply a portion of the amount they deducted from their federal return to their Utah Taxpayer Tax Credit. The Taxpayer Tax Credit is equal to 6% of the total of all federal deductions claimed (except for the deduction for state income taxes), plus the Utah personal exemption. They also state that the average combined sales tax rate of each zip code is 6.775 percent. It's also easier to ask the question that will reveal what you're actually going to pay for the car: the out-the-door cost. Receive pricing updates, shopping tips & more! (function() { var qs,j,q,s,d=document, gi=d.getElementById, Weve done all the research so you can go into the dealership honest, educated, and prepared to make your purchase at a reasonable out-the-door (OTD) price. All investing involves risk, including loss of principal. In other words, be sure to subtract the trade-in amount from the car price before calculating sales tax. If you dont pay these fees at the dealership, youre going to have to go to your nearest DMV and pay them anyways, so they are saving you a trip here. Which County Has the Highest Tax? Plus, towing fees, if needed, can be extremely costly depending on the size of your recreational vehicle. Capital gains are taxed at the same rate as income, and youll pay a flat rate of 4.95% regardless of how much you make. Download our Utah sales tax database! View how much tax you may pay in other states based on the filing status and state entered above. Utah has a consumer protection law that mandates that each customer must pay the same amount for fees at a dealership. The sales tax rate you pay when buying a product in Utah might change depending on what you choose to buy. No cities in the Beehive State have local income taxes. Tax rates may change quarterly. These fees are separate from the taxes and DMV fees listed above. The average doc fee in the state of Utah is $305. According to Sales Tax States, 61 of Utah's 255 cities, or 23.922 percent, charge .css-xtkis1{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:#1C5f8B;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;font-weight:bold;}.css-xtkis1:hover{color:#000000;text-decoration-color:border-link-body-hover;}a city sales tax. At some dealerships, the out-the-door costs are abbreviated as "TTL fees" or tax, title and license. Remember that the total amount you pay for a car (out the door price) not only includes sales tax, but also registration, and dealership fees. Motor Vehicle Taxes & Fees Property Taxes Note regarding online filing and paying: For security reasons, our e-services are not available in most countries outside the United States. Other filers may have different limits. Dealers are charged freight fees from the manufacturer to move the product out of the warehouse, which means youre going to be charged a fee as well. Not only do you have to. Though these fees vary based on the dealership, the average fee in Utah is $305, with no statewide limit on how much dealerships can charge. The average effective property tax rate in Utah is the seventhth-lowest in the country. There are no guarantees that working with an adviser will yield positive returns. Just like nearly everything else you buy, youre going to be hit with a sales tax, which of course, varies by state. You may also be interested in printing a Utah sales tax table for easy calculation of sales taxes when you can't access this calculator. Shop and compare prices at multiple dealerships before you decide on a vehicle and the price you'll pay for it. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: All Rights Reserved. We found that the base state sales tax in Utah is 4.85%, but on average, local counties add up to 2.11%. Tax-Rates.org provides free access to tax rates, calculators, and more. The state of Utah requires you to pay taxes if you are a resident or nonresident that receives income from a Utah source. The good news is that Utah has some of the lowest property taxes in the country. Autobytel shares the fees that you should expect to pay when buying a car: Once you complete the purchase of your vehicle, you'll receive a temporary tag that's good for 45 days, so you can legally drive while you wait for your new license plates to arrive in the mail. This also means that the fees will vary from dealership to dealership. There are other factors which determine the final cost of registering a vehicle including fees for license plates and VIN inspections. Use our income tax calculator to estimate how much tax you might pay on your taxable income. Youll feel a lot better by studying up before you go to the dealership. Its your employers job to withhold federal income tax based on the information you provide on your W-4 form. For any trade-in, you'll pay sales tax on $5,000. Destination Charge or Freight Fee (Shipping/Receiving). ), hotel and motel rooms and telecom services. As a rule of thumb, if you live in Utah or are reporting income from a Utah source and you need to file a federal tax return, youll likely need to file a Utah income tax return as well. Rates for all 29 Utah counties, as well as 100 of the largest cities in the state, are shown in the table below. - We regularly check for any updates to the latest tax rates and regulations. The Tax-Rates.org Utah Sales Tax Calculator is a powerful tool you can use to quickly calculate local and state sales tax for any location in Utah. As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. Thats also the only income tax youll pay, as there are no local income taxes in Utah. Remember, a dealership may advertise a motorcycle for $8,000, but if it does not explicitly list setup fees, doc fees, taxes, and title/tags etc. you need to consider those fees in order to get an accurate OTD price. The amount of the credit is determined by the Utah Housing Corporation. The new W-4 comes with significant revisions. How much you pay in federal income tax is based on factors like your salary, your marital status and if you asked for an additional dollar withholding. And of course, you always need to pay the government. For example, lets say that you want to purchase a new car for $30,000, you would use the following formula to calculate the sales tax: This means that your sales tax is $2,088 on a $30,000 purchase price. Tax-Rates.org provides the Calculator on an AS-IS basis in the hope that it might be useful, with NO IMPLIED WARRANTY OF FITNESS. Utah Income Tax Calculator 2022-2023. Oregon employs an easier fee system based on the RV's length. Therefore the average combined sales tax rate is 6.96%. Weve got it all covered! Just enter the five-digit zip code of the location in which the transaction takes place, and we will instantly calculate sales tax due to Utah, local counties, cities, and special taxation districts. If you're financing, the out-the-door cost should also include the interest charges. We may earn a commission for purchases made through our links. We urge you to notify us of any errors in the Calculator or our data. If you really want to avoid owing the IRS money come tax time, you might want to opt for an additional dollar withholding from each of your paychecks. For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. While you may not have a say in how frequently your employer pays you, just remember that your paychecks will be smaller if you receive them more frequently. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. Exemptions can be claimed for each taxpayer as well as dependents such as ones spouse or children. Title fee - You must pay a title fee in order to title the car in your name. Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. Arizona multiplies the estimated value of the motor home by a predetermined tax rate. Get a no-obligation offer for your car in minutes. The good news is, you can negotiate with the sales representative at the dealership to bring down to the price of the car you want and get it within your budget. Its exciting to buy a new (or new for you) car, but its also far from cheap. Before making the move, youll also want to take a look at our Utah mortgage guide, where youll find plenty of information about rates and getting a mortgage in the Beehive State. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. Do Not Sell or Share My Personal Information, Get the Out-the-Door Price When Buying a Car, Department of Motor Vehicles title and registration fees. Liquor and wine can only be purchased in state-run liquor stores. The vehicle license tax is the most expensive, which we have calculated above for $100,000 worth of a new car ($1,680). Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). if(!gi.call(d,id)) { j=ce.call(d,"script"); j.id=id; j.type="text/javascript"; j.async=true; j.dataset.calconic=true; No. Which Has the Lowest? Usage is subject to our Terms and Privacy Policy. Need affordable motorcycle insurance? For vehicles that are being rented or leased, see see taxation of leases and rentals. Click here to get more information. Enter household income you received, such as wages, unemployment, interest and dividends. How much to expect in fees and taxes? Your average tax rate is 11.67% and your marginal tax rate is 22%. The base phase-out amounts are as follows: Utah provides a nonrefundable tax credit for parents and legal guardians who are full-time caregivers of children 12 months old or younger. Print Exemption Certificates. Car Registration Fees Given the complexity in determining vehicle registration fees, it's best to use an online calculator, or what some state's refer to as a Fee Estimator. Enter your total 401k retirement contributions for 2022. Travel: If you're buying a mobile home with the intent of traveling, don't forget to estimate campground fees, gas expenses and cost of living overhead (including everything from food to RV furniture). Thank you for your answer! Of course, Utah taxpayers also have to pay federal income taxes. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. The transaction must have occurred after Jan. 1, 2008. 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